铂力特(688333) - 2020 Q1 - 季度财报

Financial Performance - Operating revenue for the first quarter was CNY 18,393,481.58, representing a decline of 66.09% year-on-year[4] - The net loss attributable to shareholders was CNY -16,523,778.66, compared to a loss of CNY -2,221,875.47 in the previous year[4] - Basic and diluted earnings per share were both CNY -0.21, compared to CNY -0.04 in the previous year[4] - The net profit attributable to shareholders decreased by CNY 14.30 million, a decline of 643.69%, mainly due to reduced operating revenue and increased unit costs from lower sales[11] - Total operating revenue for Q1 2020 was RMB 18,393,481.58, a decrease of 66.0% compared to RMB 54,234,105.71 in Q1 2019[22] - Net loss for Q1 2020 was RMB 16,145,118.61, compared to a net loss of RMB 2,229,939.03 in Q1 2019, representing a 624.5% increase in losses[24] - Total profit for Q1 2020 was RMB -15,337,164.22, compared to RMB -3,205,547.12 in Q1 2019[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,442,410,751.13, a decrease of 2.52% compared to the end of the previous year[4] - Total current assets as of March 31, 2020, amounted to CNY 993.61 million, compared to CNY 1.03 billion at the end of 2019[15] - Total assets decreased from ¥1,466,421,710.59 to ¥1,424,324,908.46, a decline of approximately 2.9%[20] - Current liabilities decreased from ¥177,833,276.75 to ¥154,214,876.28, a reduction of about 13.3%[20] - Total liabilities decreased from ¥380,126,619.00 to ¥354,911,733.87, a decrease of approximately 6.6%[21] - Shareholders' equity decreased from ¥1,086,295,091.59 to ¥1,069,413,174.59, a decline of about 1.6%[21] - Total liabilities reached approximately $380.13 million, with current liabilities at approximately $177.83 million[37] Cash Flow - Net cash flow from operating activities was CNY 9,707,229.69, an increase of 153.02% compared to the same period last year[4] - Cash received from sales of goods and services increased by CNY 38.23 million, an increase of 95.01%, primarily due to increased cash collections from sales during the reporting period[11] - Cash flow from operating activities for Q1 2020 was ¥9,707,229.69, a significant improvement from -¥18,309,278.81 in Q1 2019[27] - The company experienced a net cash decrease of -¥84,872,066.69 in Q1 2020, compared to -¥25,309,157.50 in Q1 2019[28] Research and Development - Research and development expenses accounted for 67.01% of operating revenue, an increase of 55.98 percentage points[5] - Research and development expenses increased by CNY 6.34 million, an increase of 106.08%, reflecting increased investment in R&D during the reporting period[11] - Research and development expenses increased significantly to RMB 12,324,607.52 in Q1 2020, up 106.5% from RMB 5,980,523.69 in Q1 2019[23] - The company reported government subsidies of CNY 3,710,687.18 related to research projects during the reporting period[6] Shareholder Information - The company had a total of 17,441,190 shareholders at the end of the reporting period, with the top ten shareholders holding 61.59% of the shares[8] - The largest shareholder, Pingxiang Jingyi Business Information Consulting Partnership, held 9,073,460 shares, accounting for 11.34%[8] Inventory and Accounts Receivable - Accounts receivable increased by CNY 19.92 million, an increase of 112.89%, mainly due to commercial acceptance bills received from customers during the reporting period[11] - Inventory increased to CNY 130.11 million from CNY 105.87 million, indicating a rise in stock levels[15] - Accounts receivable decreased by ¥52.50 million from the previous period, totaling ¥241.49 billion[32] - Inventory remained stable at approximately ¥105.87 billion, indicating consistent stock levels[32] Future Outlook - The company anticipates potential losses in cumulative net profit from the beginning of the year to the next reporting period due to seasonal fluctuations in production orders[12] - Future guidance indicates a cautious outlook due to market conditions, with an emphasis on maintaining financial stability[32]